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<p>A consortium of downstream oil marketers has called on the Federal Competition and Consumer Protection Commission (FCCPC) to investigate alleged anti-competitive pricing practices by the Dangote Refinery. The marketers claim that the refinery’s pricing strategies are discouraging fair competition and undermining business sustainability in Nigeria’s oil sector.</p><div class="Gwm5iHO2" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p>In a statement issued to journalists, the consortium emphasized that the FCCPC was established to combat anti-competitive practices and ensure a level playing field in the Nigerian economy. According to them, the commission’s mandate includes monitoring business interactions among wholesalers, retailers, and other market players, with the goal of preventing monopolistic tendencies and protecting consumers from exploitation.</p>
<p>The marketers alleged that Dangote Refinery has engaged in practices that amount to abuse of market dominance. They cited instances where buyers are charged a fixed price for commodities, only for the refinery to announce sudden price reductions after transactions have been completed. For example, they explained that if a commodity is purchased at â¦700 per unit, the refinery might later reduce the price by â¦100 without refunding the difference to earlier buyers.</p>
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<p>They further claimed that bulk buyers, such as those purchasing millions of litres, are particularly disadvantaged. According to the consortium, once such buyers load their products, the refinery often reduces the price, effectively discouraging large-scale purchases. This practice, they argued, amounts to “disincentivising business” and creates uncertainty in the market.</p><div class="HLz2czmv" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p>The statement also highlighted that price gouging and fixing are recognized as criminal offences under Nigerian law, and the FCCPC has the authority to take legal action against violators. The marketers urged regulators in the oil sector to liaise closely with the FCCPC to ensure that pricing abuses are thoroughly investigated and addressed.</p>
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<p>“The aim is to investigate abuse of prices and prevent practices that harm competition and consumers,” the consortium stressed, adding that unchecked market domination could erode trust and destabilize the downstream oil industry.</p>
<p>The consortium of marketers is concerned about pricing transparency and market fairness are now raising questions about its impact on competition and consumer welfare.</p>
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